ICOR 008: Affordability Index vs Median Days on Market: March 15’ Real Estate Market Update

Even though the prices have gone up in most if not all the markets in Colorado, the affordability index has actually gone down since 2008. Specifically, in Denver, the number of permits being pulled to build either rental units and/or owner-occupied homes versus how many new ones we actually need each year for the population growth than Denver Metro. And it’s still not in balance. And we’ll go over that. We’ll also touch on the inventory levels. For February, we still have not caught up in terms of how many properties we need versus the demand. And so the inventory is still low. And specifically, over a certain price range for certain areas, we’re going to talk about if you’re under there and you’re selling, you’ll do very well.